New York & Tri-State + Fairfield/Westchester + Office | June 8, 2020

Bankwell Signs Full-Building Lease in New Canaan

An affiliate of Besen Partners, LLC leased 258 Elm St. in New Canaan, CT to Bankwell Financial Group. Bankwell signed a 10-year lease for the entirety of the approximately 30,000-square-foot office building, which will serve as its headquarters.

258 Elm Street was acquired by the Besen Partners affiliate in October 2019. “While we had originally planned to subdivide for multiple tenants, the opportunity to lease the whole building to a single tenant as impressive as Bankwell was a change in strategy we were happy to make, and an example of prudent investment management,” said Daniel J. Steinberg, Besen Partners’ CIO.

Avison Young’s Fairfield/Westchester office, spearheaded by Managing Director Sean M. Cahill, was hired to market the property and was the sole broker in the transaction. “There was strong demand for a building of this quality and location and we are delighted that Bankwell is the exclusive tenant,” said Cahill.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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